Lot 15 - 1-8 Qube Court, 329 Baring Road, Grove Park, London, SE12 0DZ
- Unconditional Online Auction Sale
- Guide Price* : £35,000 - £40,000
Freehold ground rents of £2200 pa (rising every 15 years) secured against a contemporary 4 storey block comprising 3 x 2 bedroom and 5 x 1 bedroom flats.
Description
Flat 1. GF 1 bedroom (EPC C /69 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £300 per annum rising every 15 years).
Flat 2. GF 2 bedroom (EPC C / 78 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £300 per annum rising every 15 years).
Flat 3. GF 2 bedroom (EPC B / 65 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £300 per annum rising every 15 years).
Flat 4. FF 1 bedroom (EPC C / 43 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £250 per annum rising every 15 years).
Flat 5. GF/FF 1 bedroom (EPC B / 57 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £250 per annum rising every 15 years).
Flat 6. SF 1 bedroom (EPC C / 44 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £250 per annum rising every 15 years).
Flat 7. SF 1 bedroom (EPC C / 46 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £250 per annum rising every 15 years).
Flat 8. 2F/3F 2 bedroom (EPC B / 86 sqm). Held on a 999 year lease from 01/01/2020, Ground Rent commencing at £300 per annum rising every 15 years).
We refer bidders to the legal pack for copies of the Section 5b notices. The lessees have NOT taken up their rights.
The freeholder manages and insures.
Intro - "Auction Date"
FOR SALE BY PUBLIC AUCTION - Thursday 24th February 2022
Rent:
Ground Rent: £2200 pa (rising)
Tenure:
Freehold
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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